Overview
Our knowledge of the Insurance & Financial Institutions’ industries continues to evolve as the law and regulation of financial services become increasingly complex and oversight progressively stricter. Working out of Nigeria’s financial nerve centre, our multi-disciplinary team of lawyers provide effective solutions to clients in the banking and insurance sectors, advising on a wide range of financial services and products, from traditional banking and insurance methods to cards and payment solutions, agent banking, technologically enabled insurance and financial solutions. Our work in the sector spans product design and development, consumer and mortgage finance, lending, tailored financing structures, partnerships approvals and regulatory liaison, insolvency and resolutions.
Our experience in this regard, includes
- reviewing and advising on the legal aspects of the operations of a merchant bank
- advising on the acquisition and the takeover of operations of a microfinance bank and support in the liaison with the Central Bank of Nigeria and the Federal Competition and Consumer Protection Commission
- supporting the establishment of a microlender and advising on the regulatory framework and governance requirements
- advising and supporting a publicly listed insurance company on its recapitalisation to meet the minimum capital requirement directives of the National Insurance Commission
- supporting an insurance company on legal and regulatory analysis for development of new products
- advising on the investment in a composite micro-insurance company
- advising and supporting the investment in an agent banking company set up to drive financial inclusion